M W10 Exercises s A ezto.mheducation.com/hm.tpx 6.00 points Shown below is the i

Question

M W10 Exercises s A ezto.mheducation.com/hm.tpx 6.00 points Shown below is the information needed to prepare a bank reconciliation for Warren Electric at December 31 1. At December 31, cash per the bank statement was $15.200, cash per the company's records was $18,000 2. Two debit memoranda accompanied the bank statement service charges for December of S26. and a 5775 check drawn by Jane Jones marked "NSF . 3. Cash receipts of $10,000 on December 31 were not deposited until January 4 4. The following checks had been issued in December but were not included among the paid checks returned by the bank: no 620 for $700 no. 630 for $2 200 and no 641 for $5 101 a. Prepare a bank reconciliation at December 31 WARREN ELECTRIC Bank Reconciliation December 31 Balance per bank statement 15200 t0 000

Explanation / Answer

Solution.

B.

Account receivable account debited $775

Cash account debited $775

Bank service charge account debited $26

Cash account credited $26

WARREN ELECTRIC Bank Reconcilieation 31-Dec Balance as per bank statement          15,200 Add: Cash Receipts          10,000          25,200 Chek Issued but not collected 620             700 630          2,200 641          5,101          (8,001) Adjusted cash diferrence          17,199 Balance as per compony          18,000 Jane Jones chek returns NSF             775 Service charges                26             (801) Adjusted cash balance          17,199

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